Registration number: 04445869

Adams Marquees Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Adams Marquees Limited

(Registration number: 04445869)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	62,488	37,041
Current assets
Debtors	5	2,635	459
Cash at bank and in hand		4,707	5,055
		7,342	5,514
Creditors: Amounts falling due within one year	6	(60,917)	(49,788)
Net current liabilities		(53,575)	(44,274)
Total assets less current liabilities		8,913	(7,233)
Creditors: Amounts falling due after more than one year	6	(22,586)	(31,393)
Provisions for liabilities		(7,108)	(2,366)
Net liabilities		(20,781)	(40,992)
Capital and reserves
Called up share capital		101	101
Retained earnings		(20,882)	(41,093)
Shareholders' deficit		(20,781)	(40,992)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Adams Marquees Limited

(Registration number: 04445869)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 5 September 2025
 

......................................... J E Morris-Adams Director

Adams Marquees Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the hire of marquees and associated equipment in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Adams Marquees Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	25% per annum on reducing balance
Marquees and other equipment	25% per annum on reducing balance
Motor vehicles	25% per annum on reducing balance
Office equipment (including computers)	25% per annum on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation.

Amortisation

Asset class	Amortisation method and rate
Goodwill	20% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business, and are recognised at the transaction price, less any impairment losses for bad and doubtful debts.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Adams Marquees Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 8).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	75,249	12,000	87,249
Additions	46,463	-	46,463
At 31 March 2025	121,712	12,000	133,712
Depreciation
At 1 April 2024	44,958	5,250	50,208
Charge for the year	19,328	1,688	21,016
At 31 March 2025	64,286	6,938	71,224
Net book value
At 31 March 2025	57,426	5,062	62,488
At 31 March 2024	30,291	6,750	37,041

5

Debtors

	2025 £	2024 £
Trade debtors	968	459
Prepayments	1,667	-
	2,635	459

Adams Marquees Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	14,163	18,559
Trade creditors		508	3,089
Taxation and social security		11,457	10,780
Accruals and deferred income		15,262	9,326
Other creditors		19,527	8,034
		60,917	49,788

Amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	22,586	31,393

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	22,586	28,100
Hire purchase contracts	-	3,293
	22,586	31,393

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,536	5,465
Bank overdrafts	5,334	9,007
Hire purchase contracts	3,293	4,087
	14,163	18,559